WBD Networks, also known as Discovery, is a privately owned global broadcaster and media company headquartered in the US, operating under its parent company, Warner Bros. Discovery. Founded in 1985, with approximately 6,580 employees, the company reported $17.7B in revenue as of 2025. It specializes in entertainment, with a portfolio of brands including Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, OWN: Oprah Winfrey Network, and the multi-platform joint venture with Chip and Joanna Gaines, Magnolia Network, in the U.S. WBD Networks also operates Discovery Kids in Latin America and Eurosport, a provider of locally relevant, premium sports and the Home of the Olympic Games across Europe. The entity was previously known as Discovery, Inc. Its subsidiaries include BluTV, Cable News Network (CNN), Discovery Networks International, Discovery Networks U.S., Eurosport, Motortrend Group, Otter Media Holdings, Play Sports Group, TNT, TNT Sports (BT Sport), TNT Sports (Chile), TNT Sports (US), TVN Warner Bros. Discovery, Turner Broadcasting Systems (TBS), Warner Bros. Discovery Germany, and Warner Bros. Discovery New Zealand.

Revenue

Founded

1985

Headcount

35,500

Headquarters

United States

Primary Segment

Entertainment

Ownership

Privately Owned

News Summary:

On July 10, 2026, Arete Research analysts raised concerns about Paramount Skydance Corp. ahead of its planned acquisition of Warner Bros. Discovery, projecting a 79% downside for Paramount. The analysts specifically questioned Paramount Skydance Corp. management's experience in managing the significant debt anticipated from the merger. Earlier on July 10, the UK government began considering intervention in the Paramount-Skydance acquisition of Warner Bros. Discovery due to concerns over media plurality, noting the involvement of billionaires Larry and David Ellison in the merger. Previously, on July 9, RedBird IMI CEO and former CNN Worldwide president Jeff Zucker declined to comment on the "drama" surrounding CNN's future under Paramount's ownership, stating his focus on the recent closing of All3Media's merger with Banijay's TV production business. Also on July 9, the Los Angeles Olympic Organizing Committee announced a change of plans for the 2028 Summer Games, moving the International Broadcast Center from Inglewood to Warner Bros.’ "The Ranch" in Burbank, overturning a previous May announcement that designated Hollywood Park Studios as the media hub.
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Examples of WBD Networks (Discovery)'s suppliers include Xytech Systems, AI-Media and Skyline Communications.

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WBD Networks (Discovery) currently holds 14 broadcasting rights for sports competitions including tennis and cycling.

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